From pv journal ESS News web site
West Australian (WA) renewables firm Frontier Energy has made the ultimate know-how choice for the Waroona Renewable Energy Project Stage One, rising the capability of its 80 MW battery part by 12% to 4.5 hours, from what was initially deliberate. which is 4 hours of storage.
The venture positioned close to Parth is collocated with a 120 MW photo voltaic farm. The developer expects a bigger battery capability on web site to allow extra electrical energy storage throughout low value durations, and dispatch throughout peak value durations, enhancing the economics of the venture.
Frontier Energy CEO Adam Kiley stated the Company is within the lucky place that the price of its two largest capital objects, photo voltaic panels, and lithium iron phosphate (LFP) batteries, has dropped dramatically. effectively for the reason that launch of the venture’s preliminary definitive feasibility examine (DFS). ) in February, which is estimated to be value $118.5 million.
“Battery costs fell as a result of a mix of things, together with falling uncooked materials costs, provide chain enhancements, and reported weaker-than-expected demand, leading to inadequate provide of batteries in in the present day’s market,” he stated.
“This distinctive scenario is for the benefit of the Frontier, with an improved battery capability that ends in an elevated length, roughly 4.5 hours in comparison with 4 hours within the DFS, rising the Waroona’s earnings whereas on the similar time reaching -ot a low price of capital.”
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